Reliance Jio profits 510 crores in three months
Reliance Jio profits 510 crores in three months
Share:

Country's largest telecom company Reliance Jio has earned a profit of Rs 510 crore during the January-March quarter. Meanwhile, the company's income has increased by 3.6 percent to Rs 7,128 crore. The company's wireless data traffic is 506 GB. In addition, voice traffic is 37,218 minutes. Reliance Jio is a subsidiary company of Reliance Industries.

Reliance Industries has given information about the income and profits of Jio during its results. In the fourth quarter of the fiscal year 2018, Reliance Jio net profit of Rs 510 crore. While in the third quarter of the fiscal year 2018, Reliance Jio had lost a loss of Rs 504 crore.    

RIL Chairman and Managing Director Mukesh D. Ambani said, "Jio has given a strong financial result in the competitive market, which demonstrates Jio 's business model and our ability to provide the best value to our customers and partners. Jio has shown that he can maintain his strong financial performance by expanding his services on a large scale."  

In the fourth quarter of the financial year 2017-18 (January-March), Reliance Industries Ltd (RIL) subsidiary Reliance Jio has registered a profit of Rs 510 crore. In the third quarter of the fiscal year 2017-18 (October-December), Reliance Jio's profits were Rs 504 crores. In the fourth quarter of the last financial year, the company has made a revenue of Rs 7,128 crore.

The company has released its results on Friday. By 31st March this year, the number of Geo customers was 18.66 million and in the reporting period, the average revenue per user was 137.1 rupees per month. Total traffic of wireless data was 506 million GB in the reporting quarter and total voice traffic was 37,218 crore minutes. 

Join NewsTrack Whatsapp group
Related News